Ranelagh land zoned for housing on sale from €4.9m

A superbly located residential site within 500m of the triangle in Ranelagh village is expected to attract considerable development interest when it goes for sale from today. Agent Finnegan Menton is to seek offers in excess of €4.9 million for the 1.25 acres at Dunville Close, off Annesley Park, which includes a redbrick house alongside the entrance.

The south Dublin site comes with the advantages of a Z1 residential zoning, and Lawrence & Long Architects has completed a feasibility study which shows a number of different development options. These include an infill scheme of 20 semidetached and terraced houses or a low-rise development of 45 apartments.

Ranelagh remains one of the most popular suburban locations for young professionals looking for homes

The successful bidder will have the option of using the side garden of an adjoining house at 1 Annesley Park to widen the entrance to the development site. The four-bedroom end-of-terrace house, which is included in the sale, will still have front and rear gardens. Similar houses in the Ranelagh area have been selling for €800,000 to €1.2 million.

‘Truly exceptional’

Iain Finnegan of Finnegan Menton describes the property as “truly exceptional – a site like this is as rare as hens’ teeth”. The property has been owned by the same family since 1944 and is located between Annesley Park and Killeen Road, two roads lined with the redbrick houses that are synonymous with Ranelagh.

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The commercial buildings on the site were occupied until recently by Deignan Brothers, a clothing wholesale business. The site was previously occupied by a bakery and before that by an egg-packaging plant.

The development site is around the corner from a parade of shops on Dunville Avenue, including Mortons food store and Helen Turkington Interiors. The site is no more than 300m from the Beechwood Luas stop.

Ranelagh remains one of the most popular suburban locations for young professionals looking for homes. It has the largest choice of restaurants outside the city centre, as well as a variety of primary and secondary schools.